Alchemy Business Finance

[An Gof]

Why do I read the case studies and hear alarm bells ringing?

 

[SilliamWhale]

What rates are they offering?

 

[Still Farming]

Is it refinancing on owned machinery type arrangements?

 

[farenheit]

Fancy naming your financing company after a fruitless attempt to turn valueless objects into money.

 

[Nearly]

Do the do remaps?

 

[Sid]

John owns 3 lorries, has work for a fourth but no cash to go against hp on new truck.
John raises cash against his 3 owned trucks by releasing the capital via refinancing.

He now has 4 trucks and 2 repayments to make each month.

 

[Johnnyboxer]

Just re-financed his tractor for £50k capital - the advert says .....

Home - Alchemy Business Finance

www.abfltd.co.uk

 

[Still Farming]

John owns 3 lorries, has work for a fourth but no cash to go against hp on new truck.
John raises cash against his 3 owned trucks by releasing the capital via refinancing.

He now has 4 trucks and 2 repayments to make each month.

Still pay on first lot is he?( 2 repayments??)

 

[farenheit]

The stock image testimonials always irk me. If you think your business is good enough that people will do testimonials for you, then by all means, but don't make up fake people. Its easy to find out that its made up, looks cheap and damages your credibility. How often does a farmer walk round with an old Macbook under his arm? If you have real customers, then show them.

 

[farenheit]

Don't forget to put a number plate on your re-financed lorry Richard!

Nice british cement mixer Mr Carter!

 

[Johnnyboxer]

More BS than a yard of bulls

 

[Sid]

Still pay on first lot is he?( 2 repayments??)

Well you've got to pay for the vehicles you have refinanced and for the new one.

I don't know if you have 1,2 or 3 payments for the refinanced trucks tbh.
As for the rules around finance on anything with outstanding debt against it already I have no idea!!

 

[Still Farming]

Well you've got to pay for the vehicles you have refinanced and for the new one.

I don't know if you have 1,2 or 3 payments for the refinanced trucks tbh.
As for the rules around finance on anything with outstanding debt against it already I have no idea!!

If first trucks are owned OUTRIGHT then refinaced for a new truck then the only payments will be for the new truck UNLESS the first trucks are still on finance also??

 

[Sid]

If first trucks are owned OUTRIGHT then refinaced for a new truck then the only payments will be for the new truck UNLESS the first trucks are still on finance also??

I've never done it but how do you stop someone selling the trucks the new truck is secured against?

I would have imagined when you borrow using the existing assets they have a repayment against them to secure the debt?

 

[Still Farming]

I've never done it but how do you stop someone selling the trucks the new truck is secured against?

I would have imagined when you borrow using the existing assets they have a repayment against them to secure the debt?

Got to be sown up like a Ducks arse?
Mechanical insurance or underwriting somehow or Guarantor safeguards???

 

[Formatted]

I financed a tractor with Dean Pollen from Alchemy; a genuinely nice chap, definitely not the cheapest but we found a tractor we wanted and they could move quicker than the bank. Used our truck which had a small amount of HP left on it as the downpayment for the tractor. They aren't sharks but they are not cheap.